McConnell: Trump should 'pull back from the brink' on tariffs 

McConnell: Trump should 'pull back from the brink' on tariffs 
© Greg Nash

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellAre Democrats turning Trump-like? House Democrat calls for gun control: Cities can ban plastic straws but 'we can't ban assault weapons?' Churches are arming and training congregants in response to mass shootings: report MORE (R-Ky.) is urging President TrumpDonald John TrumpTrump watching 'very closely' as Portland braces for dueling protests WaPo calls Trump admin 'another threat' to endangered species Are Democrats turning Trump-like? MORE to "pull back from the brink" from an international fight over tariffs, warning they could start a "trade war."

"I don't think anything good will come out of a trade war, and I hope we pull back from the brink here," McConnell said at the Greater Louisville Inc.'s Congressional Summit in Kentucky on Friday, according to the local business journal.

"These tariffs will not be good for the economy, and I worry that it will slow, or impede significantly, the progress we're making economically," McConnell added.

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The Republican leader's comments are the latest sign of GOP backlash after the Trump administration announced Thursday that it would make good on a threat to slap steel and aluminum tariffs on the European Union, Mexico and Canada, ending an exemption for the key trading allies.

McConnell has repeatedly warned the administration against such trade moves, particularly over concerns that steep tariffs could roil the economy and spark retaliation from other countries. 

"It won't surprise you to know that I'm among those not happy about the prospect of a trade war," the Senate GOP leader said Friday.

McConnell is one of several GOP lawmakers who have spoken out against Trump's tariff decision.

"I disagree with this decision," Speaker Paul RyanPaul Davis RyanEmbattled Juul seeks allies in Washington Ex-Parkland students criticize Kellyanne Conway Latina leaders: 'It's a women's world more than anything' MORE (R-Wis.) said Thursday

Meanwhile,  GOP Sen. Ben SasseBenjamin (Ben) Eric SasseThe Hill's Morning Report - Trump lauds tariffs on China while backtracking from more To cash in on innovation, remove market barriers for advanced energy technologies Feds face mounting pressure over Epstein's death MORE (Neb.) has called the move "dumb"; Sen. Orrin HatchOrrin Grant HatchTrump to award racing legend Roger Penske with Presidential Medal of Freedom Trump awards Presidential Medal of Freedom to economist, former Reagan adviser Arthur Laffer Second ex-Senate staffer charged in aiding doxxing of GOP senators MORE (R-Utah), the chairman of the Senate Finance Committee, said the tariffs are a "tax hike" and GOP Sen. Bob CorkerRobert (Bob) Phillips CorkerTrump announces, endorses ambassador to Japan's Tennessee Senate bid Meet the key Senate player in GOP fight over Saudi Arabia Trump says he's 'very happy' some GOP senators have 'gone on to greener pastures' MORE (Tenn.) argued Trump was abusing his authority to impose tariffs tied to national security.

Republicans have also been up front about the fact that they are worried Trump's trade moves could roil the economy months before a midterm election, undoing what they view as a boost from last year's tax bill. 

GOP Sen. Pat ToomeyPatrick (Pat) Joseph ToomeyNSA improperly collected US phone records in October, new documents show Overnight Defense: Pick for South Korean envoy splits with Trump on nuclear threat | McCain blasts move to suspend Korean military exercises | White House defends Trump salute of North Korean general WH backpedals on Trump's 'due process' remark on guns MORE (Pa.) announced on Friday that he would support legislation by Sen. Mike LeeMichael (Mike) Shumway LeeMcConnell, allies lean into Twitter, media 'war' Conservatives buck Trump over worries of 'socialist' drug pricing Criminal justice reform should extend to student financial aid MORE (R-Utah) that would boost congressional oversight on Trump's tariff decisions.

But McConnell on Friday downplayed the chances that Congress would ultimately pass a bill reining in Trump's trade powers. 

The Senate GOP leader said there was "not much" lawmakers could do, noting any legislation would have to be signed by the president or have enough support to overcome a veto.

“Under the trade law, the president has pretty much all the ability to do these things, so there’s not much we can do to impact it. It’s really an executive branch activity. ... It’s just that I think many of us feel that it shouldn’t be done," McConnell told Insider Louisville. 

—Updated at 5:31 p.m.